Subjects Archives: Capitalism

  • Ghosts of Christmas Past, Rising from the Gaps of Capital

    “O there are times, we must confess To harboring a whim — we Like to picture old Karl Marx Sliding down our chimney” — Susie Day “Help fund the good fight.   By contributing to MR, you help reinforce the left and reclaim the future.” — Richard D. Vogel “To do my part, I just […]

  • A (Partial) Victory in the Battle Against Globalization: The NAFTA Corridor Initiative Suffers a Setback

    “O there are times, we must confess To harboring a whim — we Like to picture old Karl Marx Sliding down our chimney” — Susie Day “Help fund the good fight.   By contributing to MR, you help reinforce the left and reclaim the future.” — Richard D. Vogel “To do my part, I just […]

  • Neoliberal Globalization Is Not the Problem

    “O there are times, we must confess To harboring a whim — we Like to picture old Karl Marx Sliding down our chimney” — Susie Day “Help fund the good fight.   By contributing to MR, you help reinforce the left and reclaim the future.” — Richard D. Vogel “To do my part, I just […]

  • Capitalism’s Beverage & the Obesity Epidemic

    The Los Angeles Times reports that Disneyland is retooling its boats-on-water rides because of the raging obesity epidemic in the United States, “to deal with the delicate problem of bottoming-out boats.” People are simply getting too fat for the existing rides, including the now satirically named “It’s a Small World”: “Forty-one years after the whimsical […]

  • Mapping the Human Terrain and Developing Kill Chains:Social Science in Service to Capitalism

    Author’s Note:  The appearance of General Petraeus’s Counterinsurgency Field Manual, published recently for the US book trade by the University of Chicago Press, has created a stir because of charges of pilfered scholarship, damage to the reputation of UC, and the role of anthropologist Montgomery McFate in writing the book.  The mission of social science […]

  • Globalization, 2: US Autoworkers, 0

    The recent UAW ratification of the Chrysler contract that contains many of the same provisions that were adopted in the labor agreement signed with GM last month is another major blow to the jobs and welfare of US autoworkers.  Globalization, the Big Three’s grand strategy of pitting the workers of North America against one another […]

  • Financial Capital: Crises Are Part of the Game

    Everything went well during the summer of 2007.  The economy was in an upswing and stock-market prices rose even faster.  Then the end of the housing boom in the United States triggered an international financial crisis.  Up to now it has been contained by heavy central-bank intervention; but the euphoria is gone.  The world of […]

  • Globalization Now: The North American Auto Industry Goes South

    Understanding globalization, the main trend of capitalism at the beginning of the 21st century, is critical because of the many ways that it is undermining the lives and communities of working people in North America and around the world.  Few industries in the developed nations that are not specifically location-bound have been able to resist […]

  • The Empire’s illegal wars

    When the United States and its NATO allies started the war on Kosovo, Cuba immediately defined her position on the front page of the newspaper Granma, on March 26, 1999. This was done in a Declaration of her Ministry of Foreign Affairs under the title of “Cuba’s appeal to end NATO’s unjustified aggression against Yugoslavia.”

  • SPP: The Globalization of North America Continues

    The ultracons have it all wrong and the neocons are glad that they do. The straw dog that the ultracons are beating to death in print and on the Internet is the chimerical North American Union, purported to be a supranational state that intends to override the sovereignty of the United States and subject all […]

  • Ten Years Since the UPS Strike: Globalization and Inequality

    What will it take to shine a spotlight on the vast income gap between the very rich and everyone else in the US today, in the way that Michael Moore’s film Sicko exposes the injustices of privatized health care?  Ten years ago, on August 4, 1997, when 185,000 UPS workers went out on strike, they […]

  • New Element Discovered: Capitalisium

      A public university sociology department has recently announced the discovery of the most toxic element yet known to social science.  This new element has been named Capitalisium (Cp).  Capitalisium is a very volatile, dynamic, and toxic element, containing 1 positron, 1 neutron, and 1 huge electron along with boards of electrons, various vice electrons, […]

  • Profit without End: Capitalism Is Just Getting Started

    Debates concerning the “Socialism of the 21st Century” are experiencing an upswing at the moment.  However, this century will initially be rather one of capitalism than socialism.  Not because there is once more an economic recovery.  Prosperity and crisis alternate constantly in capitalism, but behind this up-and-down process are tendencies towards an extension and further […]

  • Total Capitalism

      I recently received a circular from the Local Authority of the district in London where I live, which addressed me as a “customer.”  I should really be inured by now to neoliberalism’s relentless penetration of the “life world,” but it took me aback all the same.  I don’t buy anything from my local council; […]

  • Capital and Nature: An Interview with Paul Burkett

    1.  The year 2007 marks the 140th anniversary of the publication of the first volume of Marx’s Capital.  In your perspective, what is the main contribution of that major work to the understanding of contemporary capitalism? Marx’s Capital establishes three essential contradictions of capitalism which grow in intensity as the system develops historically.  These contradictions […]

  • Capitalism’s Three Oscillations and the US Today

    Throughout its history and across its geography, capitalism has swung back and forth between private and state forms.  The former reduces while the latter enlarges the state’s intervention in the economy.  The economic events that precipitate swings (in both directions) have been various mixes of recession and widening inequality.  Political oscillations have paralleled the economic. […]

  • Capital and Empire: An Interview with John Bellamy Foster

    Q.  2007 is the 140th anniversary of the publication of Volume One of Marx’s Capital.  In your opinion, what is its main contribution to understanding contemporary capitalism? Marx’s object in Capital was to explain capital as a social relation in the fullest dialectical sense and in the process to describe its law(s) of motion.  I […]

  • A Thing with Transcendental Qualities: Money as a Social Relationship in Capitalism

    An Introduction to Marx’ Notion of Money What is money?  This question hardly plays a role in everyday commerce.  What matters is that there is enough.  Bourgeois economic theories reduce money to its economic function.  But the ubiquity of money is fateful and presupposes certain conditions.  Hence, the critique of financial markets is incomplete when […]

  • Globalization Risks and Costs

    Critics have exposed how globalization’s benefits have been unequally distributed around the world.  Many of the world’s poorer regions have become poorer still in relation to the regions that gained.  And within regions, it turns out that globalization often worsens wealth and income inequalities.  However, critics admit and defenders boast that at least for some […]

  • Class Struggle and Socialist Revolution in the Philippines: Understanding the Crisis of U.S. Hegemony, Arroyo State Terrorism, and Neoliberal Globalization

      Prodded by Amnesty International (AI), the Inter-Parliamentary Union, Asian Human Rights Commission, Reporters Without Borders, and other international organizations, President Gloria Macapagal-Arroyo recently cobbled a group to look into the allegations of massive human rights violations — over 729 victims of extrajudicial killings, and 180 involuntary “disappearances,” by the latest count — during her […]